Used Car Dealers Industry (NAICS 44112)
2012 U.S. Industry & Market Outlook
The 2012 U.S. Industry & Market Outlook report is the leading annual publication that describes over 120 major U.S. industries and 500+ minor industries. Published each year in October, the Outlook report provides the most current and accurate estimates of the size of the largest manufacturing, retail,…...

Similar Documents

...Articles
1. „Launch a New Car Brand in China, Whether You Like It Or Not“
How Government Officials Push Auto Marketers to Add 'Indigenous' Brands. Mike Dunne, 12.04.2011, http://adage.com/article/global-news/china-officials-push-car-makers-add-indigenous-brands/226949/
2.China's motor industry - Stepping on the gas
Apr 24th 2012, 8:33 by P.C. http://www.economist.com/node/21553327
Articles
Asia and South-America are the most rapidly developing regions in the world. With the biggest population – China – still being #2 in the biggest economy ranking, but they are gaining up and pretty soon are going to be at top place. Therefore that region is full of opportunities and that’s why it is attractive for enterpreneurs and corporations. But where are opportunities, there are threats and weaknessess as well (SWOT).
At this time the car industry in China is mainly held by well-known car producers. They are co-operating slightly with local enterpreneurs and corporations, but the brandname and the intellectual rights are only theirs. General Motors (joint with SAIC-GM-Wuling), Honda (joint with Guangzhou Automobile Group Co) and Nissan are the exceptions. By now Volkswagen, Hyundai and Toyota are also creating and expanding joint ventures. And there are lots of others going to do the same. The logic behind this is simple – China wants, that on their local market they would have local, not international brands. That’s the reason to pressurize big brands to create joint......

...A CASE STUDY ON THE INDIAN SMALL CAR INDUSTRY
Prof. Tapan Panda
A Case Study on the Indian Small Car Industry
A BRIEF OVERVIEW ON THE INDIAN SMALL CAR INDUSTRY
If there is one big market that is forcing the global auto majors to think small, it is India. Until yesterday, all the world's auto-manufacturers expected to create success out of their midsize products. There were as many as five players in the mid car segment and just one--the Rs 7,956-crore Maruti Udyog Ltd (MUL)--in the small car segment. Suddenly Daewoo Motors India and Hyundai Motors India--are changing lanes midway, making the small car market as the pivot of their marketing strategy in India. Couple that with the fact that two domestic manufacturers--the Rs 10,074-crore Tata Engineering & Locomotive Co. (TELCO) and the Rs 223-crore Kinetic Engineering--are ready with similar indigenously-designed products to compete in this market The last two years has really been the period of war in the small car market The story Behind…. The auto majors read the market wrong. Since the small segment was dominated by MULwith a market share of 96 per cent and given that the Trans –national brands already had tried-and-tested mid-size models in Indian market, this segment was more attractive than the existing ones. This perceptual change was because of two reasons. • • The clutter in the large and midsize segment due to entry of many international players. The small segment grew faster than the mid-size one,......

...Should the Australian Government provide money to car manufacturers to prevent them from moving their operations overseas? Discuss, drawing on contemporary debates about this issue in the news media.
Introduction
Car manufacturing in Australia was one of the strongest sector in the Australian economy. Within the past few months and ongoing weeks, there are several news being published that the Australian car manufacturing sector has become so small that that each car company is relying on the survival of the other.
In relation to the debates and media news, this essay demonstrates, as to whether the Government should provide funds to car manufactures to prevent them operating overseas.
The news has been all over the place that the three main car manufacturers, Toyota, Holden and Ford are expected to shut down their operations in Australia in the coming Years. The local content of the Australian made cars is in decline. According to figures supplied by the car makers, 30% of the parts to make Holden Cruise was sourced locally and 50% was Commodore. To survive beyond current models, car manufactures were going to be forced to rely more on foreign parts to keep the costs down.
Due to low sales and low cost sales, the three manufactures are shutting down to recover from the massive financial losses and start making a profit. The data illustrates that the three factories have lost more than 1.5 billion dollars on their local manufacturing operations over the past decade...

...Examine changes of the new car industry within Germany and China
Over 2007-2012
For this assignment I’ll be using information drawn upon findings from such sources as Keynote, Mintel and other online formats. The type of research that will be conducted will be secondary research, this will allow me to evaluate the key changes observed over a period of five years from 2007- 2012 of the new car industry; within Germany and China. Items that will be covered will be, commenting on similarities or differences observed between China and Germany’s car industry. By implementing two of the PESTLE (environmental and technological) the essay will give a significant overview of the changes observed within the two dynamic countries.
Germany is one of the world leaders in the automotive industry, and is the biggest exporter within the EU for automotive vehicles by far. With a vast interest in the high quality products and excellent services that the Germany car industry has to offer they are benefiting from impressive figures as shown (Mccarthy, 2013) “Germany is the chief exporter by some distance. Europe’s economic powerhouse exported an impressive $245.4 billion worth of automobiles in 2011. During the same year, Germany reported $104.1 billion of vehicle imports.” This is bringing great amounts of wealth into the nation. By having seven of the world’s most popular brands (Audi, BMW, Ford Germany, Mercedes-Benz, Opel, Porsche, and Volkswagen) Germany are able to offer a vast......

...1. Threat of New Entrants for the automobile industry I would rate as 4. The big whales of the automobile industry like Toyota, BMW, Mercedes Benz, Ford and others have been established a long time ago, therefore, I don’t think that current automobile producers are worried about the new entrants to come into the market and take away the market shares. Even though the development of the technology introduced us the electric cars, biofuel engine cars have opened the gap for new entrants, I don’t believe that new entrants will be able capture large shares of the market. I think that large companies will adapt these technologies in order to increase value for their own products.
2. Intensity of Rivalry to my opinion is rated as 8. For the most part of the industry competitors produce equally balanced products making competition very intense. Since car market growth is declining in developed countries makes it harder for the companies to compete for the consumer. Large established companies, like Toyota for example, who uses their inventory management extremely efficient uses economy of scale drive the price down, creates high quality cars is very hard to compete against.
3. Threat of Substitutes would be rated as 3. The substitute products outside automobile industry would be motorcycles, bikes, , and the luxurious ways of transportations which become more popular within wealthy part of the society- helicopters. Cars have certain advantages versus substitutes offering more......

...How to Buy a Perfect Used Car
Used car buying is a huge industry to people and dealerships. New cars are so expensive that it makes a huge demand for used cars. A good thing about buying used is you can get a nice used car for a lot cheaper than new. You can also buy a used car that ends up being a money pit. There are ways to prevent that from happening. Used car buying can be easy and stress free with the help of some tips.
• First thing you want to do is research different cars. You want to make sure the car you buy is one that you would love to drive. Buying a car is one of the biggest investments in life and you want to make sure you it’s one you’d want to drive every day.
• Once you find the car you would love to have, look up what people and dealerships are asking for that specific vehicle. Kelly Blue Book is a good reference to car buying. It will tell you how much to pay and what they sell for. You could also look up reviews. Whenever I buy a car I look It up in Kelly Blue Book and get a lot of information about it.
• After finding a fair price that the car is worth then you have to decide whether you are going to buy from private party or from a dealership. Private party is usually a lot cheaper but can cause way more money in the long run if you don’t know for sure what you are buying. With a dealership you will be paying a little more, but have more peace of mind knowing the dealership went through everything making sure the vehicle was in good working......

...Market Analysis: Car industry
A market is a platform where the forces of demand and supply, essentially in the form of buyers and sellers interact. It is a switchboard that directs those with a commodity towards those who are in need of it. Since demand and supply exists for virtually all products, similarly a market for cars also exists. The car market globally is dominated by the Japanese after the decline in the American car makers after the World War II. This market today is dominated by names like Honda, Toyota, Chrysler (now bankrupt), GM (now bankrupt), Mercedes, BMW and Ford etc. In the recent years, the market for cars has undergone major demand and supply changes, causing the prices to fluctuate, but this fluctuation has been a stable one. Demand Forces
The demand for cars in the world, in general, was increasing until the world was hit was a recession. The recession has impacted demand negatively. Demand can be defined as the quantity of a commodity, in our case cars, demanded at a certain price over a given period of time. The demand for cars is price elastic, which means that a price and quantity demanded have an inverse relationship, and an increase in the price of cars will cause the demand to fall.
The world market for cars has also seen a downward trend on the demand graph due to the recent economic crisis in the world. All the sectors in the economies all over the world have seen a decline in demand. Since all the sectors within an economy are......

...Ottolino
Professor Gudino
English 107 B
February 20, 2016
Shopping for a used car
Like most of us, this area could be very frustrating and a process that could take all day. After all research has been completed, picked out the car you want, now it is time to go to the dealership and make your purchase. When you get there you are most likely greeted by a salesman or women. This is going to be your main person of contact during this process. Car buy is something that you need to stand firm on as the sales person will try to get customer’s to spend the most money possible. Doing so will let the sales person make more money off of the sale as this is where they make all their money. After you find the car that you like, a test drive would be the next step in the process. Test drives is a very important step in the used car buying process. Want to make sure that the car drives smooth with no known problems at the time. When the test drive is completed, this is the part that will make you want to pull your hair out. Talking with the sales person about price is a back and forth battle with the sales person and his/her manager. Like stated above, they want to make the most money possible, so they will always start high and try to close this deal as quick as possible in a blink of an eye.
During the research phase, most time has been spent on the internet most of the day to find the car worth buying. After visiting website after website, your brain is most......

...TO: Tom Jones, Owner of Tom’s Used Cars
DATE: 7/26/2011
SUBJECT: Analysis of asking car prices (Used Mustangs)
Please find below the results of the analysis of the asking prices of used cars with different characteristics.
Introduction
Buying cars is one of the most critical things in our life. We need to research different categories before we spend our dollars, and we must establish buying guides.
Examples of the buying guides are:
1) I have to know exactly how
2) I have to know what car I want and what car meet my criteria.
These guides will help us decide how much you can afford to spend, whether you should look at a fancy car or regular car, whether you should look at car with grand tourer (GT) or without grand tourer, style, transmission type and a myriad of other factors.
The borderline that we agreed on as a team is the car reliability, quality, performance, and power. On this specific case study we would like to study several variables and research these variables effects. The car price, which is the car age, odometer reading in miles, type of the transmission, the number of cylinders in the engine, if there is air conditioner in the car or not, the car’s color, determine if it is GT model. Lastly, the last variable is to see if the price is determined if it is a private owner or dealer owner.
We would first like to provide general information and definitions to some of these variables:
Mileage Affects Prices: Used car prices tend to be lower......

...
The car industry is a very powerful industry worldwide. Though it has faced many challenges through the decades, car manufacturers have managed to create strategies needed to keep their firms afloat. This report will touch on the different forces that affect the industry and what manufacturers have done to counter them. The most interesting factor about the global automobile industry in the last decade is that the economic challenges that it faced were not even caused by the industry itself. The housing market crash of 2008 and the recession that U.S. went under during this time was what affected the automobile market the most, decreasing sales and creating billions of dollars in losses that had not been seen since the 60’s. Even the biggest manufacturers that we never thought would fail like GM and Chrysler faced bankruptcy and received government aid to survive the recession. The case illustrates the affects and reactions that took place in the automobile industry for its survival against bankruptcy. Although the housing market is different from the automobile industry, it took the automobile industry on the same downward spiral.
Threats of New Entrants
The threats of new entrants are relatively low in the automobile industry. Not many companies start a brand new car line from scratch. However, many existing companies create new car lines that target a brand new segment or buy another company and profit from their production in that particular segment. Car......

...Rental car industry is a multibillion industry which needs proper management for it to bear good returns. Unlike other service industries, the car rental service is highly consolidated which gives new players into the business a cost disadvantage incurred from the high input cost and low economies of scale at the same time.
This industry has become more competitive and a big chunk of the competition comes from two main sources within the market chain, these are leisure and corporate segments. The major players in the market have established networks of collaboration and deals with majority of the leisure segments and corporate leaving only a smaller percentage for other smaller car rental companies. But that does not rule out the possibility of competition among the major players (Jim Suhr, 2004).
Developing of a proper working culture is a step towards revival of the car rental company. The company should strive towards training of their workers on how customers should be handled in order to achieve the satisfaction they deserve. The workers should also have a culture of team work, which will help them to cover any loop holes of service delivery thus maximizing their efforts towards having excellent services to the customers (Singh, 2002).
In addition the company must ensure customer satisfaction through, putting the customers first. For instance, whenever a customer calls for an assistance in case of mechanical failure, the company should......

...Buying a used car
Used car or new? What car is right for me? Where to look for used cars, what to look for when buying a used car? There are many questions you may have when it comes to used car buying process. This essay will answer to some of these questions and hopefully, make the used car buying process easier for you. There are many essential facts you should consider before buying your next car so you won't regret your decision for a moment afterwards.
By purchasing a used car, you can save a lot of money. A new car depreciates quickly in the first few years and after 3 years, it is worth only about 60-70% of the original price. In fact, as soon as you leave the dealership, your new vehicle is suddenly worth $1000-$2000 less. When purchasing a new car you basically are paying for its fresh "new" aroma and warranty. Yet, buying a new car does not always mean the buyer will get perfection. A new car may come with problems associated with poor design or manufacturing defects that may have been already repaired during the warranty coverage period if it's a used car. The same is true for all kinds of recalls and service campaigns. Another advantage of buying a used car is that you could buy a loaded model with all the bells and whistles that you might not be able to afford had you bought a new car.
However, buying a used car is still a bit of a gamble - there is no guarantee that the car is accident-free, has real mileage, and was properly maintained.......

...Policy: Emile owns Emile’s Used Car Emporium. Several people work for him at the Emporium. When Emile is gone, he leaves one of his best salespersons, Dorothy, in charge. Over the years, Emile has given Dorothy the authority to contract with vendors, negotiate sales, and conclude car sales contracts in his name. One August, Emile takes a long vacation, leaving Dorothy in charge. While he is gone a hurricane hits Florida where the Emporium is located, causing severe damage. Because Emile is floating down the Amazon, Dorothy cannot reach him for instructions. She decides that rather than leave the place in shambles, she will hire people to repair the Emporium. Dorothy hires a carpenter to rebuild a wall that was blown down by the storm. Phil, the carpenter, is busy at work on his scaffold when Dorothy’s Scottish terrier TuTu, who she keeps with her at work, plows into the scaffolding while chasing a cat. Phil is knocked off the scaffold and falls ten feet to the ground, suffering a broken leg. Please address any and all issues you spot in this problem. You may need to make a few assumptions, if so... please state what those assumptions are.
According to www.businessdictionary.com, an agent’s duties are to act on behalf of and be subject to the control of the principal, act within the scope of authority delegated by the principal, use duties with appropriate care, avoid conflict with personal interests and those of the principal, and promptly hand over to the principal all......

...Techniques for aggregate planning range from informal trial-and-error approaches, which usually utilize simple tables or graphs, to more formalized and advanced mathematical techniques. This general procedure consists of the following steps:
* Determine demand for each period.
* Determine capacity for each period. This capacity should match demand, which means it may require the inclusion of overtime or subcontracting.
* Identify company, departmental, or union policies that are pertinent. For example, maintaining a certain safety stock level, maintaining a reasonably stable workforce, backorder policies, overtime policies, inventory level policies, and other less explicit rules such as the nature of employment with the individual industry, the possibility of a bad image, and the loss of goodwill.
* Determine unit costs for units produced. These costs typically include the basic production costs (fixed and variable costs as well as direct and indirect labor costs). Also included are the costs associated with making changes in capacity. Inventory holding costs must also be considered, as should storage, insurance, taxes, spoilage, and obsolescence costs. Finally, backorder costs must be computed. While difficult to measure, this generally includes expediting costs, loss of customer goodwill, and revenue loss from cancelled orders.
* Develop alternative plans and compute the cost for each.
* If satisfactory plans emerge, select the one that best......